Is the Bitcoin Supply Hard-Capped at 21 Million Units? No, As I’ll Show You Mathematically.

The maximum number of BTC that can be issued is less than 21M.

Sep 19, 2023

∙ Paid

If you liked reading this, feel free to click the ❤️ button on this issue so more people can discover it on Substack 🙏.

You often read that Bitcoin supply is hard-capped at 21 million units.

The number 21 is thus intimately linked to Bitcoin. You've probably already read books like “21 Reasons to Buy Bitcoin”, “21 Lessons Bitcoin Teaches Us”, ...

However, there's something that doesn't add up if you apply the laws of mathematics.

Let's go back to the basics of mathematics.

Keep reading with a 7-day free trial

Subscribe to

In Bitcoin We Trust Newsletter

to keep reading this post and get 7 days of free access to the full post archives.